Australia and Global Economic Systems Quiz

What type of economic system does Australia have?

(a)  

Out of the countries listed below, which is closest to a command economy?

(a)  

In Australia, there is a tariff placed on imported goods. What does the Australian government hope to accomplish by doing this?

Some citizens of Quebec feel like________

Which of these is an important natural resource as well as one of the top exports of Australia?

(a)  

Which country does the US have a trade embargo with?

(a)  

The European Union

(a)  

True or False? Coal and Iron ore are two of Australia/s main exports

• True

• False

Investment in capital goods can do what for a country's gross domestic product?

(a)  

Australia's main trading partner is China. Australia sends a lot of iron ore, and China sends a lot of electronics. This is an example of how (a)   benefits trade